KRN Heat Exchanger IPO vs Kross IPO

Comparision between KRN Heat Exchanger IPO and Kross IPO.

IPO Details

KRN Heat Exchanger IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kross IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	KRN Heat Exchanger IPO	Kross IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Holani Consultants Private Limited	Equirus Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of KRN Heat Exchanger IPO is up to ₹341.95 Cr whereas the issue size of the Kross IPO is up to ₹500.00 Cr. The final issue price of KRN Heat Exchanger IPO is ₹220.00 per share and of Kross IPO is ₹240.00 per share.

	KRN Heat Exchanger IPO	Kross IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹209.00 per share	₹228.00 per share
Issue Price (Upper)	₹220.00 per share	₹240.00 per share
Issue Price (Final)	₹220.00 per share	₹240.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	65 shares	62 shares
Fresh Issue Size	1,55,43,000 shares	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹341.95 Cr	up to ₹250.00 Cr
OFS Issue Size		1,04,16,667 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	1,55,43,000 shares	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹341.95 Cr	up to ₹500.00 Cr

IPO Timetable

KRN Heat Exchanger IPO opens on Sep 25, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of KRN Heat Exchanger IPO and Kross IPO is Sep 27, 2024, and Sep 11, 2024, respectively.

	KRN Heat Exchanger IPO	Kross IPO
Anchor Bid Date	Sep 24, 2024	Sep 06, 2024
Issue Open	Sep 25, 2024	Sep 09, 2024
Issue Close	Sep 27, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Sep 13, 2024
Credit of Share (Tentative)	Oct 01, 2024	Sep 13, 2024
Listing date (Tentative)	Oct 03, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 30, 2024	Oct 11, 2024
Anchor Lockin End date 2	Dec 29, 2024	Dec 10, 2024

Financials

KRN Heat Exchanger IPO P/E ratio is 24.78, as compared to Kross IPO P/E ratio of 28.93.

KRN Heat Exchanger IPO

Kross IPO

Financial

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
Amount in ₹ Crore

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.39%

100.00%

Promoter Shareholding (Post-Issue)

67.7 %

P/E Ratio

24.78

28.93

Market Cap

₹1309.51 Cr.

₹1548.23 Cr.

ROE

40.86%%

30.57%%

ROCE

31.21%%

28.15%%

Debt/Equity

0.45

0.8

EPS

₹8.88

₹8.30

RoNW

29.68%%

30.57%%

Shares Offered

In the KRN Heat Exchanger IPO retail investors (RII) are offered 54,98,330 shares while in Kross IPO retail investors are offered 54,98,330 shares. Qualified institutional buyers (QIB) are offered 31,07,455 shares in KRN Heat Exchanger IPO and 41,66,667 shares in Kross IPO.

	KRN Heat Exchanger IPO	Kross IPO
Anchor Investor Reserveration	45,50,000 shares	62,49,999 shares
Market Maker Reserveration
QIB	31,07,455 shares	41,66,667 shares
NII	23,87,215 shares	31,25,000 shares
RII	54,98,330 shares	72,91,666 shares
Employee	0 shares	0 shares
Others
Total	1,09,93,000 shares	1,45,83,333 shares

Bids Received (Subscription)

KRN Heat Exchanger IPO subscribed 213.41x in total, whereas Kross IPO subscribed 17.66x.

	KRN Heat Exchanger IPO	Kross IPO
QIB (times)	253.04x	24.55x
NII (times)	430.54x	23.40x
Big NII (times)	445.31x	23.21x
Small NII (times)	401.01x	23.77x
RII (times)	96.74x	11.26x
Employee (times)
Other (times)
Total (times)	213.41x	17.66x

Compare with others

KRN Heat Exchanger IPO	Kross IPO
Garuda Construction and Engineering IPO	KRN Heat Exchanger IPO
Afcons Infrastructure IPO	Northern Arc Capital IPO
Hyundai Motor IPO	Arkade Developers IPO
Diffusion Engineers IPO	Western Carriers (India) IPO
Manba Finance IPO	P N Gadgil Jewellers IPO
Northern Arc Capital IPO	Tolins Tyres IPO
Arkade Developers IPO	Shree Tirupati Balajee IPO
Western Carriers (India) IPO	Gala Precision Engineering IPO
P N Gadgil Jewellers IPO	Baazar Style Retail IPO
Kross IPO	Bajaj Housing Finance IPO

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